BTC/USD closed out the week considerably off worst levels, delivering an unambiguous weekly hammer candlestick formation (the pattern is based on Friday’s closing price). Adding credibility to this bullish reversal pattern is where it developed: weekly support coming in at $38,809, as well as garnering reinforcement from the trend: the major crypto pair has exhibited an uptrend since late 2022. Therefore, BTC/USD bulls could outperform this week and reconnect with familiar weekly resistance around $45,968 (which you may remember welcomed price action in the shape of a bearish shooting star candlestick pattern in ... (full story)